0819 GMT - Singapore's manufacturing output rose 8.5% on year in November, according to data from the Economic Development Board, up from a 1.2% increase in October. On a seasonally adjusted on-month basis, manufacturing output fell 0.4% in November, weighed down by the volatile pharmaceutical sector UOB economists note. Still, strong electronics output was a positive highlight, driven by a surge in the semiconductor and computer segments, UOB adds. UOB estimates that industrial production will grow by approximately 4.0% in 2024, rebounding from the manufacturing slump in 2023, when industrial production contracted by 4.2%. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
December 26, 2024 03:19 ET (08:19 GMT)
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